Can I retire at age 60 with 18,200,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $18,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,425,492
2 years$744,029$730,172$716,743$703,722$691,092$665,185
3 years$491,092$477,176$463,780$450,882$438,457$413,252
4 years$364,649$350,775$337,513$324,835$312,711$288,402
5 years$288,802$275,012$261,924$249,504$237,718$214,375
6 years$238,255$224,568$211,674$199,531$188,098$165,747
7 years$202,163$188,592$175,902$164,045$152,974$131,621
8 years$175,107$161,658$149,179$137,613$126,907$106,547
9 years$154,074$140,752$128,487$117,216$106,874$87,495
10 years$137,258$124,066$112,018$101,041$91,062$72,648
11 years$123,508$110,449$98,619$87,936$78,316$60,846
12 years$112,059$99,133$87,522$77,132$67,867$51,317
13 years$102,378$89,587$78,195$68,096$59,182$43,526
14 years$94,087$81,432$70,259$60,448$51,878$37,090
15 years$86,908$74,390$63,434$53,909$45,678$31,727
16 years$80,633$68,251$57,512$48,270$40,370$27,228
17 years$75,102$62,857$52,334$43,370$35,795$23,430
18 years$70,190$58,083$47,774$39,085$31,827$20,208
19 years$65,801$53,830$43,735$35,317$28,368$17,463
20 years$61,856$50,022$40,138$31,986$25,339$15,116
21 years$58,291$46,593$36,919$29,029$22,676$13,103
22 years$55,055$43,493$34,027$26,394$20,325$11,373
23 years$52,104$40,678$31,417$24,038$18,245$9,881
24 years$49,403$38,113$29,056$21,924$16,399$8,593
25 years$46,922$35,767$26,912$20,022$14,757$7,478
26 years$44,636$33,615$24,959$18,307$13,292$6,513
27 years$42,523$31,636$23,177$16,757$11,984$5,675
28 years$40,564$29,810$21,546$15,353$10,814$4,948
29 years$38,743$28,123$20,050$14,079$9,764$4,316
30 years$37,047$26,559$18,676$12,921$8,823$3,766
31 years$35,464$25,107$17,411$11,867$7,977$3,287
32 years$33,982$23,756$16,245$10,906$7,215$2,870
33 years$32,594$22,498$15,168$10,029$6,530$2,507
34 years$31,289$21,323$14,172$9,228$5,912$2,190
35 years$30,062$20,224$13,250$8,494$5,355$1,913
36 years$28,906$19,196$12,395$7,823$4,852$1,672
37 years$27,815$18,231$11,601$7,208$4,397$1,461
38 years$26,783$17,326$10,864$6,644$3,987$1,277
39 years$25,807$16,476$10,179$6,126$3,615$1,117
40 years$24,882$15,675$9,540$5,650$3,279$976
41 years$24,005$14,921$8,946$5,213$2,975$854
42 years$23,171$14,211$8,392$4,811$2,699$746
43 years$22,379$13,540$7,874$4,441$2,450$653
44 years$21,624$12,906$7,391$4,101$2,224$571
45 years$20,905$12,307$6,940$3,787$2,019$499
46 years$20,220$11,741$6,518$3,498$1,833$437
47 years$19,565$11,204$6,124$3,232$1,664$382
48 years$18,940$10,696$5,755$2,986$1,511$334
49 years$18,342$10,214$5,409$2,760$1,373$292
50 years$17,770$9,757$5,085$2,551$1,247$256

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $18,200,000, adding $5,424 every year, while hoping to spend $42,233 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 60/30/10 Blend
59$18,200,000$18,200,000$18,200,000$18,200,000
60$20,061,995$19,097,395$18,815,295$21,219,058
61$22,063,383$19,988,232$19,400,672$22,887,226
62$24,267,497$20,921,304$20,004,243$24,700,715
63$26,694,970$21,898,637$20,626,574$26,677,761
64$29,368,540$22,922,353$21,268,247$28,834,125
65$32,313,261$23,994,677$21,929,863$31,187,136
66$35,556,740$25,117,943$22,612,040$33,755,846
67$39,129,402$26,294,597$23,315,418$36,561,208
68$43,064,770$27,527,201$24,040,653$39,626,262
69$47,399,786$28,818,444$24,788,425$42,976,351
70$52,175,161$30,171,144$25,559,434$46,639,351
71$57,435,752$31,588,255$26,354,400$50,645,927
72$63,230,994$33,072,875$27,174,067$55,029,816
73$69,615,359$34,628,250$28,019,203$59,828,137
74$76,648,876$36,257,784$28,890,596$65,081,734
75$84,397,694$37,965,048$29,789,063$70,835,553
76$92,934,705$39,753,782$30,715,443$77,139,054
77$102,340,238$41,627,910$31,670,604$84,046,675
78$112,702,810$43,591,546$32,655,437$91,618,330
79$124,119,967$45,649,001$33,670,864$99,919,970
80$136,699,200$47,804,798$34,717,834$109,024,188
81$150,558,962$50,063,678$35,797,326$119,010,901
82$165,829,789$52,430,611$36,910,349$129,968,085
83$182,655,525$54,910,808$38,057,943$141,992,599
84$201,194,686$57,509,735$39,241,181$155,191,083
85$221,621,952$60,233,120$40,461,169$169,680,956
86$244,129,821$63,086,972$41,719,047$185,591,504
87$268,930,418$66,077,589$43,015,991$203,065,088
88$296,257,505$69,211,576$44,353,212$222,258,477
89$326,368,686$72,495,858$45,731,959$243,344,306
90$359,547,834$75,937,697$47,153,522$266,512,691
91$396,107,775$79,544,707$48,619,227$291,973,007
92$436,393,241$83,324,871$50,130,444$319,955,843
93$480,784,123$87,286,561$51,688,585$350,715,165
94$529,699,056$91,438,554$53,295,106$384,530,688
95$583,599,373$95,790,057$54,951,505$421,710,497
96$642,993,460$100,350,720$56,659,331$462,593,933
97$708,441,552$105,130,665$58,420,178$507,554,776
98$780,561,026$110,140,504$60,235,690$557,004,745
99$860,032,228$115,391,366$62,107,563$611,397,361
100$947,604,893$120,894,920$64,037,543$671,232,203